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Core Insights - Coeur Mining (CDE) is a mid-cap firm engaged in the exploration and sale of gold, silver, zinc, lead, and other related metals through off-take agreements [1] Company Overview - CDE stock experienced an upward trend throughout 2025, indicating positive market momentum for the company [1] Investment Analysis - Oakoff Investments, a personal portfolio manager and quantitative research analyst, provides insights aimed at balancing growth and value for investors [1] - The investing group Beyond the Wall Investing offers features such as a fundamentals-based portfolio, weekly analysis from institutional investors, and alerts for short-term trade ideas based on technical signals [1]

Core Viewpoint - The article highlights a significant increase in silver stocks in the U.S. market, driven by rising silver prices and favorable market conditions [1] Group 1: Market Performance - U.S. silver stocks saw notable gains, with First Majestic (AG.US) rising over 7%, Hecla Mining (HL.US) and Silvercorp Metals (SVM.US) increasing over 5%, and Coeur Mining (CDE.US) up over 4% [1] - Spot silver prices surged by 3% to reach $55 per ounce, marking a new record high [1] Group 2: Market Drivers - The rise in silver prices is supported by multiple factors, including heightened expectations for a Federal Reserve interest rate cut in December, inflows into silver ETFs, and ongoing supply constraints [1] - The trading halt on the CME Group's Comex for several hours contributed to low liquidity and price volatility in both gold and silver markets on that Friday [1]

Core Viewpoint - The article highlights a significant increase in silver stocks in the U.S. market, driven by rising silver prices and favorable market conditions, including expectations of a Federal Reserve rate cut in December and increased investment in silver ETFs [1] Group 1: Market Performance - U.S. silver stocks saw notable gains, with First Majestic (AG.US) rising over 7%, Hecla Mining (HL.US) and Silvercorp Metals (SVM.US) increasing over 5%, and Coeur Mining (CDE.US) up over 4% [1] - Spot silver prices surged by 3% to reach $55 per ounce, marking a new record high [1] Group 2: Supporting Factors - The rise in silver prices is supported by multiple factors, including heightened expectations for a Federal Reserve interest rate cut in December [1] - There has been a significant inflow of funds into silver ETFs, indicating strong investor interest [1] - Ongoing supply constraints in the silver market are contributing to the upward price pressure [1] Group 3: Market Conditions - The Chicago Mercantile Exchange (CME) experienced a temporary trading halt, leading to low liquidity and price volatility in both gold and silver markets on that Friday [1]

Core Insights - Gold Fields Limited (GFI) and Coeur Mining, Inc. (CDE) have distinct business models and asset portfolios that influence their competitive positions in the precious metals sector [1] Gold Fields Limited (GFI) - GFI is a globally diversified gold producer with large-scale, long-life assets across Africa, Australia, and the Americas, focusing on consistent production and disciplined cost management [2] - In Q3 2025, GFI's attributable gold output increased to approximately 621,000 ounces, a 22% year-over-year rise, driven by the Salares Norte mine [4] - The Salares Norte mine produced about 112,000 ounces in Q3 2025, marking a 53% increase from the previous quarter [5] - GFI realized an average gold price of roughly $3,468 per ounce, with all-in sustaining costs reduced to about $1,557 per ounce, leading to expanded margins [5] - The Tarkwa mine in Ghana produced around 123,000 ounces in Q3 2025 and has historically produced over 500,000 ounces annually [6] - GFI's dividend yield is approximately 1.60%, with a 5-year annualized dividend growth of 17.51% [7] - As of September 2025, GFI's net debt was $791 million, down $696 million from the previous quarter, with a debt-to-capital ratio of 34.8% [8] Coeur Mining, Inc. (CDE) - CDE has a North American-centric portfolio, primarily focused on silver, with gold production increasing [3] - In Q3 2025, CDE's gold production reached 111,364 ounces, a 3% quarter-over-quarter and 17% year-over-year increase [9] - CDE realized an average gold price of $3,148 per ounce, contributing to margin expansion [9] - CDE is in the process of acquiring New Gold Inc., which would create one of the largest North American precious metals producers [10] - The combined entity is projected to produce approximately 900,000 ounces of gold and 20 million ounces of silver in 2026 [11] - CDE's cash and cash equivalents were around $266 million as of September 2025, with a debt-to-capital ratio of 10.5% [13] Price Performance & Valuation - GFI stock has increased by 227.4% year-to-date, while CDE has risen by 183.1% [14] - GFI is trading at a forward 12-month sales multiple of 5.87, compared to CDE's 3.85 [17] - The Zacks Consensus Estimate for GFI's fiscal 2025 sales implies an 81% year-over-year growth, while CDE's fiscal 2026 sales estimate suggests a 90% rise [19][22] Comparative Analysis - GFI benefits from a larger production base, producing over 2 million ounces of gold annually, while CDE has less diversity [24] - GFI's cost structure is more competitive, with lower all-in sustaining costs and wider operating margins supported by long-life assets [24] - GFI's reserve base is significantly higher, providing multi-year visibility and reduced replacement risk, while CDE faces more exposure to cost volatility and integration risks [24] - GFI is preferred for investors seeking stronger upside potential in the gold sector, holding a Zacks Rank of 1 (Strong Buy) compared to CDE's Zacks Rank of 3 (Hold) [25]

Industry Overview - The Zacks Mining - Non Ferrous industry is currently experiencing promising prospects due to rising metal prices and increasing demand for non-ferrous metals driven by energy-transition trends [1][4] - Non-ferrous metals such as copper, gold, silver, cobalt, molybdenum, zinc, aluminum, and uranium are essential across various sectors including aerospace, automotive, and renewable energy [3][6] - The industry is characterized by a complex and capital-intensive mining process, with companies focusing on reserve growth and resource enhancement through exploration and acquisitions [3] Metal Price Trends - Copper futures recently peaked at $5.1 per pound, marking a 25% increase over the past year, while silver prices surged 84% year-to-date, currently at $53 per ounce [4] - Gold prices have also risen by 58.8% year-to-date, reaching $4,150 per ounce, supported by expectations of lower interest rates and tightening supply [4] - Uranium prices recently retreated to $77 per pound after reaching a 14-month high of $84, with supply concerns easing [4] Demand Drivers - The demand for non-ferrous metals is expected to remain high, particularly due to the growth of electric vehicles and renewable energy initiatives [6] - The U.S. Infrastructure Investment and Jobs Act is anticipated to drive significant demand for non-ferrous metals as infrastructure upgrades and green policies are implemented [6] Industry Challenges - The industry faces challenges such as a shortage of skilled workforce, rising production costs, and supply chain issues, which have led to increased operational expenses [5] - Companies are focusing on cost-reduction strategies, digital innovation, and alternative energy sources to mitigate these challenges [5] Investment Opportunities - Companies like Southern Copper Corporation (SCCO), Lundin Mining Corporation (LUNMF), Coeur Mining (CDE), and Centrus Energy (LEU) are well-positioned to capitalize on industry growth through reserve building and technological investments [2][17][21][24] - SCCO has a significant capital investment program exceeding $15 billion, primarily in Peru, and is expected to produce substantial copper outputs in the coming years [17][18] - LUNMF has reported strong operational performance, with a year-to-date stock gain of 111.7% and an increase in copper production guidance [23] - Centrus Energy is expanding its uranium enrichment capabilities, with a revenue backlog of $3.9 billion and plans for significant production increases [26] Market Performance - The Zacks Mining - Non Ferrous industry has outperformed the Zacks Basic Materials sector, gaining 10.1% over the past year, while the sector declined by 3.6% [10] - The industry's current trailing 12-month EV/EBITDA ratio is 10.59X, significantly lower than the S&P 500's 18.43X, indicating potential valuation upside [13]

Group 1 - Coeur Mining, Inc. (NYSE:CDE) is recognized as one of the best silver mining stocks to invest in currently, with analysts highlighting it as a top pick in the Materials Sector [1][2] - BMO Capital analyst Kevin O'Halloran and Roth MKM both reiterated a Buy rating on Coeur Mining, with price targets set at $23 and $20 respectively [1][2] - Coeur Mining acquired New Gold Inc. in an all-stock transaction valued at approximately $7 billion, creating a leading precious metals producer focused on North America [2] Group 2 - The acquisition allows New Gold shareholders to receive 0.4959 shares of Coeur common stock for each New Gold share, implying a value of $8.51 per share, which represents a 16% premium to New Gold's closing price on October 31, 2025 [2] - Post-acquisition, existing Coeur shareholders will own approximately 62% of the combined entity, while New Gold shareholders will hold the remaining 38% [2] - Coeur Mining operates gold and silver mines across North America, focusing on producing silver and gold bullion [3]

Core Insights - Coeur Mining, Inc. achieved record free cash flow (FCF) of approximately $189 million, marking a nearly 29% increase from the previous quarter, equating to about $2 million generated per day [1][9] Production and Pricing - Gold production rose to 111,364 ounces, a 3% increase quarter-over-quarter, while silver production increased to 4.8 million ounces, up 57% year-over-year [2] - Realized prices for gold reached $3,148 per ounce and $38.93 per ounce for silver, contributing to the strong cash generation [2] Capital Expenditure Management - Capital expenditures (capex) normalized significantly, aiding in the conversion of operational strength into cash generation [3] - The company adopted a disciplined capital allocation strategy, focusing on essential projects and deferring non-critical spending, which enhanced capex efficiencies [4] Financial Performance Comparison - Southern Copper Corporation reported third-quarter operating cash flow of approximately $1.56 billion, an 8.4% increase year-over-year, with free cash flow of $1.210 billion [6] - Lundin Mining Corporation generated $168.9 million in free cash flow, supported by $270.3 million in cash from operations, driven by higher copper and gold prices [7] Stock Performance and Valuation - Coeur Mining's shares have increased by 142.3% year-to-date, outperforming the industry average rise of 21% [8] - The company is currently trading at a price-to-sales ratio of 5.3, which is a 43.2% premium to the industry average of 3.7 [10] Earnings Estimates - The Zacks Consensus Estimate for Coeur Mining's fiscal 2025 earnings is set at 91 cents, indicating a year-over-year growth of 406% [12]

Core Insights - Coeur Mining, Inc. (CDE) has experienced a significant year-to-date gain of 152.7%, outperforming the Zacks Mining-Non Ferrous industry's increase of 22.9% and the S&P 500's rise of 16% [1] - The company's strong performance is attributed to higher revenues, improved margins, and expectations of free cash flow exceeding $550 million for the full year [1] Price Performance - CDE's price performance is notably higher than its peers, with Southern Copper Corporation (SCCO) and Lundin Mining Corporation (LUNMF) showing share price increases of 39.4% and 110.4%, respectively [1][2] Technical Indicators - Technical indicators reveal that CDE is trading below both the 50-day and 200-day simple moving averages (SMA), with the 50-day SMA indicating a bullish trend as it is higher than the 200-day SMA [3] Production and Cost Control - In Q3 2025, Coeur reported combined production of 111,364 ounces of gold and 4.8 million ounces of silver, with adjusted costs at approximately $1,215 per ounce of gold and $14.95 per ounce of silver [4] - Key mines such as Las Chispas, Palmarejo, Kensington, and Wharf showed improvements, with Wharf's gold production increasing by 16% and Kensington's cost per ounce improving to $1,659 [5] Financial Performance - Coeur Mining ended Q3 2025 with $266.3 million in cash and equivalents, more than double the previous quarter's balance, and repaid over $228 million of debt, reducing total debt to $363.5 million [9] - The company generated $237.7 million in cash flow from operating activities during Q3 2025, up from $206.95 million in the previous quarter, supporting capital expenditures, debt repayment, and shareholder return initiatives [10] Capital Allocation and Share Repurchase - CDE initiated a $75 million share repurchase program, having repurchased nearly 10% of this authorization at an average price of $11.79 per share, reflecting management's confidence and disciplined capital allocation [11] Exploration and Growth Strategy - Coeur is advancing multiple growth fronts, with ongoing drilling at Las Chispas and Kensington, and significant resource potential identified at Wharf and Palmarejo [14][16] - The company is also expanding its land package at Silvertip and enhancing geological modeling ahead of a more intensive drill campaign [17] Earnings Estimates - The Zacks Consensus Estimate for 2025 earnings is currently pegged at 91 cents per share, indicating a year-over-year growth of 405.6% [19] Valuation Metrics - CDE is trading at a forward 12-month price-to-sales multiple of 5.53X, above the peer group average of 3.65X and its five-year median [20] Investment Consideration - Coeur's operational momentum, financial discipline, and multi-asset growth pipeline position it as a stronger and more future-ready company, making it an attractive investment consideration for those seeking resilience and long-term upside in the gold-silver sector [24][25]

Core Viewpoint - Gold mining stocks in the U.S. experienced a significant decline in pre-market trading, reflecting a broader downturn in the gold market as spot gold prices fell sharply [1] Group 1: Company Performance - Coeur Mining (CDE.US) saw a drop of over 7% in pre-market trading [1] - Kinross Gold (KGC.US) and Harmony Gold (HMY.US) both declined by more than 5% [1] - Gold Fields (GFI.US) experienced a decrease of over 3% [1] Group 2: Market Conditions - Spot gold prices fell nearly 3%, dropping below $4,100 to currently stand at $4,053 [1]